• Investors were griping over the repricings for the Dex Media East and West "B" loans, which were being cut to LIBOR plus 1 3/4% while the pro rata spread went untouched. JPMorgan and Bank of America led the repricing. [In the middle of October, JPMorgan was preparing a $503 million incidental term loan "B" for R.H. Donnelley Corp. to refinance debt and to partially fund its acquisition of Dex Media.]
• UBS Global Asset Management was building a collateralized debt obligation team to buy and manage its transactions. It hired Sunil Dattani, former head of investments at Gulf International Bank, and Duncan Larraz, also from GIB, to spearhead the new effort.
